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Regulatory issues
Water trading in China: a step toward sustainability
This study observes water allocation rights and a new regulation from China's water authority which may hold the key to achieving water sustainability.In recent years, scarcity and pollution of water have become the paramount environmental woe in China. Numerous reports and books have exposed China's water crisis, depicting a nation suffering in the face of black-running rivers and dried-up waterways. Nationwide, the per capita availability of fresh water is only one-quarter of the world average.
The Interim Measure for Water Quantity Allocation provides a framework for allocating water rights across provinces, autonomous regions, and municipalities that are under the direct jurisdiction of the central government.
The ruling's 17 stipulations lay out the principles, mechanisms, and practices for water allocation, potentially opening Chinese markets for water trading and enabling the use of market tools to promote conservation.
- Resource link:
http://www.worldwatch.org/node/ 5743 - Published: 2008
- Source: Worldwatch Institute (http://www.worldwatch.org)
- Added to ADG on: 09 July 2008 , contributed by: ADG team
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